Acceleration Upon Termination of Continuous Service. If, in the event of a Change in Control, the exercisability of the Option is not accelerated under Section 9(a)(iv) of the Plan, the Option shall become fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, the Optionee’s employment is terminated without Cause by the Company or any Related Entity or by such successor company or by the Optionee for Good Reason within 24 months following such Change in Control.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Lifepoint Health, Inc.), Non Qualified Stock Option Agreement (Lifepoint Hospitals, Inc.)
Acceleration Upon Termination of Continuous Service. If, in the event of a Change in Control, Control and the exercisability of the Option is not accelerated under Section 9(a)(iv8(a) of the Plan, the Option shall become fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, the Optionee’s employment is terminated without Cause by the Company or any Related Entity Designated Subsidiary or by such successor company or by the Optionee for Good Reason within 24 months following such Change in Control.
Appears in 2 contracts
Samples: Compensation Plan Non Qualified Stock Option Agreement (Quest Resource Holding Corp), Compensation Plan Incentive Stock Option Agreement (Quest Resource Holding Corp)
Acceleration Upon Termination of Continuous Service. If, in the event of a Change in Control, Control and the exercisability of the Option is not accelerated under Section 9(a)(iv9(a) of the Plan, the Option shall become fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, the Optionee’s employment is terminated without Cause by the Company or any Related Entity or by such successor company or by the Optionee for Good Reason within 24 months following such Change in Control.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Quest Resource Holding Corp), Non Qualified Stock Option Agreement (Quest Resource Holding Corp)
Acceleration Upon Termination of Continuous Service. If, in the event of a Change in Control, Control and the exercisability of the Option is not accelerated under Section 9(a)(iv) of the Plan, the Option shall become fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, the Optionee’s employment is terminated without Cause by the Company or any Related Entity or by such successor company or by the Optionee for Good Reason within 24 months following such Change in Control.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Lifepoint Hospitals, Inc.)
